Thrive in the Software Development Hub of Asia

innovent - November 8, 2016 - 0 comments

Choosing the offshore site for your business may be one of the most important decisions you will make for your business. There is a huge risk in transferring some of your company’s operations to another country, but knowing which one makes all the difference.

The Philippines has been consistently ranking in the top Business Process Outsourcing (BPO) destinations in the world, and is becoming the regional center of the industry. No longer considered as “The Sick Man of Asia” but as “The Next Asian Miracle,” The Philippines has been enjoying a robust economy built on foreign investments, especially by the BPO & Software Development industry.

What the Philippines Offers

The country has a vast and competitive talent pool of young, educated, English-speaking professionals who are able to adapt to the demands and requirements of international clients. Filipinos hit the ground running because they have high comprehension and articulation capabilities, especially for contact centres. In many other businesses such as web development, accounting, and healthcare, the Philippines has established expertise that foreign companies are able to trust.

The Philippines is also a cost-effective place to establish businesses in. This does not necessarily mean cheap because of the nation’s low cost of living, but it means that companies get what they pay for, and that means great value for their investment.

Embedded also in the culture of Filipinos is the virtue of hospitality, and providing a red carpet experience to their clients and customers is second nature to them, making clients feel thoroughly taken care of.

While the Philippines is prone to disasters, especially during the rainy season, it proves that it is immensely resilient and prioritises the continuity of business, regardless of the obstacles on the horizon. Because of all these factors, the Philippines ultimately offers an outstanding business environment that rivals the best in the world.

Flourishing Future

The IT and Business Process Association of the Philippines (IBPAP) reported that the Philippines BPO industry breached its targets in 2015, generating close to $22 billion in revenues and 1.1 million in employment. Given that, IBPAP said that the country is on track to achieve its goals of $25 billion in revenue and 1.3 million jobs for Filipinos by the end of 2016. There is also an expected growth in non-voice sectors such as knowledge process outsourcing (KPO), animation, and game development, among many others. The Philippines is deemed as a shining example of progress and success as a BPO & Software Development leader, an outstanding feat given the short period of its existence in the global BPO & Software Development industries.

Now is the time for companies to outsource work to the Philippines, specifically Manila, as it is now a place of endless possibilities, catering to as many industries as possible. Businesses now can expect to grow exponentially in the same way that their Filipino employees can achieve strong and rewarding careers.

Innovent have been building their dual shore software capabilities since 2010 in both Cebu & Manila. We have a dedicated team of software professionals with extensive experience in multiple program languages. Our clients receive the benefits of lower hourly rates whilst having a primary contact with a business analyst and project manager based in Sydney. We do the hard work for you having hand chosen the members of our team and access to a large pool of over 300 plus full time software developers we can access on a project/needs basis as required.